Pioneer team visits recently commissioned PeakGen power plant in the UK

Date 03-11-2011

Today, Pioneer Point's team joined PeakGen management and UK National Grid officials at the company's recently commissioned power plant for a tour of the plant and a demonstration of its capabilities.

The PeakGen power plant is now available to produce energy for National Grid. Furthermore, PeakGen Power Limited announces that it has recently moved into new offices located at: Gables Lodge, 62 Kenilworth Road, Leamington Spa, CV32 6JX

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Sam Abboud to speak at Capital Creation 2011 in Monte Carlo

Date 26-09-2011

Sam Abboud, a Partner at the Private Equity firm Pioneer Point Partners, will speak at the Capital Creation conference 2011 in Montecarlo.

Pioneer Point Partners LLP was formed in late 2008 to exploit a market opportunity to build a new market leading franchise in the European lower mid-market.

The founding partners of Pioneer are Terrence Tehranian, Sam Abboud, Giuseppe Curatolo and Rupert Shaw who have a combined private equity experience of 59 years and 21 led deals. Pioneer is focussed on growth-driven buyouts and expansion capital investments in Europe in the Energy, Environmental and TMT sectors with an equity investment range of €10-50 million.
In May 2011 Pioneer acquired Masotina Spa (www.masotina.it), a leading northern Italian waste and paper recycling company. Pioneer and existing management have bought out Masotina’s family owners and Pioneer has committed significant further funding for the acquisition of identified targets and capex to promote aggressive organic growth. Founded in 1937, Masotina Spa is a Milan-based provider of waste and paper recycling services nationwide and operates two recycling facilities.
In August 2010 Pioneer backed Peak Gen Power Ltd, a company formed to build, own and operate peaking power plants in the UK (www.peakgen.com). Pioneer has committed significant capital to enable Peak Gen to build a portfolio of 200-300MW in the next 3-5 years. Peak Gen is currently building its first plants having been awarded long term contracts with the National Grid.
In addition to these two investments, Pioneer has expanded the investment team with three hires. Jens Düing joined Pioneer in 2010 from Fidelity Equity Partners and is a German national. Edoardo Luciani joined Pioneer in 2011 from L.E.K. Consulting and is an Italian national. Cyril Gautier joined Pioneer in 2011 from Société Générale’s and is a French national.

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Pioneer Point Partners LLP announced today that it has acquired 100% of Masotina Spa

Date 12-05-2011

Pioneer Point Partners LLP announced today that it has acquired 100% of Masotina Spa, a leading northern Italian waste recycling company.

Pioneer and existing management have bought out Masotina’s family owners and Pioneer has committed significant further funding for the acquisition of identified targets and capex to promote aggressive organic growth.
Mr. Roberto Romiti, CEO of Masotina, said “With its long established position in the market Masotina is well positioned for growth in the coming years. On the strong foundations of a family business we have built a high performance management team capable of leading the company in its next phase. Pioneer has followed the company for 3 years prior to this MBO and is a shareholder committed for the long term. We are confident we can continue to assert and increase our market leading position.”
Mr. Giuseppe Curatolo, partner of Pioneer Point Partners, said “the Italian waste recycling sector is fragmented and subject to powerful consolidation forces, including increasingly complex regulation, increasing scarcity of materials, rapid globalisation and the introduction of new waste processing solutions. With €43 million of revenue and strong profitability, we believe Masotina and its management team represent an ideal platform to drive such consolidation and create a European leader in this important domain.”
Mr Terrence Tehranian, a Pioneer partner, said “Pioneer’s purchase of Masotina and funding for its expansion plans show that our segment of the European lower mid-market is open for business despite choppy funding markets. Pioneer backs established but smaller entrepreneur-led companies in complex sub-sectors experiencing strong growth, and Masotina represents an ideal example of this for our firm and financial backers.”
Masotina Spa is a Milan-based provider of waste recycling services nationwide. Founded in 1937, Masotina is active in most areas of the waste recycling market with a particular focus on paper, plastic and other dry recyclates. Masotina operates two recycling facilities in greater Milan and has long-established supplier and customer relationships in more than [20] countries worldwide.
Pioneer Point Partners is a private equity firm specialising in growth companies in the European lower mid-market. Pioneer backs management teams in the TMT, Energy and Environment sectors. Its partners have led over 20 deals in the last 18 years, representing more than €300 million of invested equity. Its other recent investments include Peak Gen Power Limited, a UK power generation company.